Advances in genetic engineering involve more than scientific breakthroughs. Potential economic effects - some possibly undesirable - also need to be considered.

Researchers have found it difficult to estimate reliable elasticities of demand for bread. The reason for this difficulty undoubtedly has been the lack of data regarding consumption (production) levels for bread. This paper reports the results of a statistical demand analysis for bread and...

A recursive, monthly price forecasting model for live; cattle serves as a basis for applying decision theory to speculation in cattle futures. The distribution of predicted futures prices is obtained from the standard error of the forecast of the cash price forecasting model in conjunction with...